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Non-Tech : Any info about Iomega (IOM)?
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To: Michael Hillman who wrote (1329)5/1/1996 1:36:00 AM
From: BrianSchaefer   of 58324
 
Michael, the fact that you could have sold 10 puts and now have a profit, does not mean that it would have been a smart trade. If you deal in 10 lots on this stock, you had better be able to take a $10,000 loss without much pain. I've been in the options market for 23 years, and believe me in IOMG you want to buy calls, and/or also buy puts. In fact straddles would be a wise play here. The premium is high because it deserves to be.
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